Listen to the latest insights from Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, where he sits down with a variety of thought leaders for a conversational breakdown of big ideas, future trends, emerging topics and their investment implications to help inform building stronger investment plans for the long-term.
Episodes
Thursday Aug 17, 2023
Investing for the next generation
Thursday Aug 17, 2023
Thursday Aug 17, 2023
Watch the video version of this podcast on our YouTube channel.
For our second episode of Market Movers, Dr. David Kelly, Chief Global Strategist, is joined by Jack Manley, Global Market Strategist, to discuss the next generation of investors. They dive deep into how this younger demographic is shaping the investment environment and driving key themes in the markets today.
For more resources on investing for the next generation please reach out to your J.P. Morgan representative and visit our website here.
Friday Aug 04, 2023
The economic implications of generative AI
Friday Aug 04, 2023
Friday Aug 04, 2023
Watch the video version of this podcast on YouTube.
Artificial intelligence (AI) technologies, particularly generative AI, appear likely to revolutionize the way we work, innovate and create. This disruption can have significant economic implications, with the most significant likely to be accelerating labor productivity, and thus economic activity, after years of stagnation.
In the first episode of our summer series Market Movers, Dr. David Kelly, Chief Global Strategist, is joined by Stephanie Aliaga, Research Analyst, and Michael Albrecht, Global Strategist on the Multi-Asset Solutions Team, to discuss the broad range of implications AI may have on labor markets, economic growth and the future investment environment.
As the importance of and attention to AI continue to grow, we are working hard at J.P. Morgan Asset Management to share our insights on the many questions regarding this technological wave. Please stay tuned for more insights by visiting the Market Insights homepage.
Thursday Jun 08, 2023
The bond’s eye view
Thursday Jun 08, 2023
Thursday Jun 08, 2023
Thursday May 25, 2023
Finding income for global investment portfolios
Thursday May 25, 2023
Thursday May 25, 2023
In today's episode, Dr. David Kelly is joined by Phil Camporeale, portfolio manager in our Multi-Asset Solutions group at JP Morgan Asset Management. Phil manages portfolios with a global opportunity set, and in doing so is actively making decisions on how to allocate the pieces of the pie within portfolios. What's the optimal mix of stocks versus bonds? And then how do you allocate within those sleeves? Where can you get the best bang for your buck in terms of returns, while also managing risk in portfolios amidst an uncertain macro outlook? These decisions largely depend on relative valuations, the outlook for interest rates and growth, and the relative attractiveness of yields. In this episode, we’ll hear form Phil on how he’s shifting the dials in portfolios right now, and the slice he's allocated to fixed income.
Thursday May 11, 2023
The muni landscape heading into a downturn
Thursday May 11, 2023
Thursday May 11, 2023
After significant monetary tightening over the last year, the Federal Reserve has now hiked rates all the way up to a range of 5-5.25%, but this tightening cycle may finally be at a close. With elevated risk of a near-term recession, markets are now expecting the Fed to pivot to rate cuts before the end of the year. For investors, an environment where economic conditions are looking precarious, and rates may soon be headed downwards, an active approach towards fixed income exposure is particularly important. On today's episode, we're going to focus on municipal bonds, which may be an effective way for investors to access high-quality and attractive tax-exempt yields in portfolios, particularly when heading into a downturn. To discuss this, Dr. David Kelly is joined by Richard Taormina, a portfolio manager for several municipal bond strategies here at JP Morgan Asset Management.
For more insights on the Guide to the Markets, visit the link here.
Thursday Apr 27, 2023
Credit vs. Duration, where should you spend your risk budget?
Thursday Apr 27, 2023
Thursday Apr 27, 2023
So far this year, investors have had to contend with the implications of a regional banking crisis, a still-hawkish Fed, and rising expectations for a near-term recession. With economic risks elevated, the challenge for debt investors is to strike the right balance between risk and return in portfolios, while maintaining a focus on credit quality. These two risks – interest rate risk and credit risk – can have important implications for bond performance in an environment where the Fed may soon pivot to rate cuts, but likely in response to a U.S. recession. On today's episode, Dr. David Kelly is joined by Andrew Norelli, Portfolio Manager for several multi-sector fixed income strategies here at J.P. Morgan Asset Management, to dive into the outlook for the economy and interest rates, and what this all means for striking the right balance between credit and duration in fixed income portfolios.
Thursday Apr 13, 2023
Navigating the opportunities in global bonds
Thursday Apr 13, 2023
Thursday Apr 13, 2023
So far this season, we've talked about the bond market from a number of different angles and in this episode we look at fixed income as a global asset class. In our recently launched 2Q23 Guide to the Markets, we have a chart that shows that the majority of global debt is international, with the U.S. share accounting for less than 40% today. Moreover, divergent central banks and brighter growth prospects overseas paint a different fundamental landscape than that of U.S. fixed income assets. On today's episode, Dr. David Kelly is joined by Iain Stealey, International Chief Investment Officer within the Global Fixed Income, Currency and Commodities (GFICC) group, to dive into the outlook for global monetary policy and what this means for opportunities in international bonds.
Access the Guide to the Markets here. For more resources visit the On the Minds of Investors webpage.
Thursday Mar 30, 2023
The regional bank crisis and its implications for bonds
Thursday Mar 30, 2023
Thursday Mar 30, 2023
Plenty has happened over the last few weeks—Silicon Valley Bank collapsed, Credit Suisse was taken over by UBS, and several other pressures emerged among regional banks. These events and their implications for credit conditions and monetary policy have sent markets through a series of twists and turns and raised questions about the risk of a US recession later this year. On this episode, Dr. David Kelly is joined by Kelsey Berro, Portfolio Manager on our Global Fixed Income, Currencies and Commodities Group, for a discussion on these issues and how it's shaped both the outlook going forward and the fixed income landscape.
Friday Mar 03, 2023
Finding direction in fixed income
Friday Mar 03, 2023
Friday Mar 03, 2023
This episode dives into positioning within fixed income. Dr. David Kelly is joined by Bill Eigen, portfolio manager for an unconstrained fixed income strategy at J.P. Morgan Asset Management. Bill offers a unique perspective, as his fund uses an opportunistic go-anywhere strategy that aims at delivering positive returns – no matter what’s happening in fixed income markets. In today’s particularly uncertain macro environment, Bill offers important insights on where he’s seeing opportunities, what areas he’s steering clear from and his latest thoughts on the markets and economy.
For more insights, tune into the Notes on the Week Ahead podcast and follow David Kelly on LinkedIn.
Thursday Feb 16, 2023
Are bonds really back and for how long?
Thursday Feb 16, 2023
Thursday Feb 16, 2023
This episode kicks off our sixth season of Insights Now, entitled a “A Bond's Eye View", and we've decided to center this season around fixed income. Over the course of this season, Dr. David Kelly will sit down with slate of market strategists and portfolio managers to discuss the outlook for the Fed and other global central banks, the outlook for the dollar, diversifying within fixed income and how to think about bonds when positioning long-run investment portfolios.
On this episode, Dr. David Kelly is joined by Jordan Jackson, Global Market Strategist at J.P. Morgan Asset Management, to discuss the outlook for the Fed and opportunities within fixed income.
For more insights on fixed income investing, please visit our latest piece Bonds are Back.